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Pretty much since the Trans Mountain pipeline expansion was proposed, it has been fought tooth and nail by “Keep It In The Ground” anti-oil and gas activists. Some of the latest attacks on this pipeline include a call to action from the Rockefeller Foundation funded anti-oil activist group, 350.org . In character, 350.org misrepresents recent reports from Parliamentary Budget Officer and Canadian Energy Regulator. They claimed that recent reports by the Parliamentary Budget Office and the Canadian Energy Regulator gave evidence to suggest that the country no longer needed pipelines and any expansion would kill Canada’s prospects for fighting global emissions. Anyone that reads the reports will find that they are reports of financial and production models based on hypothetical scenarios. This did not stop 350.org from cherry-picking the hypothetical scenarios where developing countries’ energy needs shrink in the future. They then used the hypothetical future where the global economy doesn’t need energy, to illogically conclude the Trans Mountain expansion is therefore uneconomical. They also forgot to mention that the oil companies who contracted for the pipeline would remain financially responsible for TMX even under the highly unlikely circumstances the world needs less energy. Most reports show that demand […]
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